2. Transition Recession GDP decline greater than in US during Great Depression Russia 50% Ukraine 60% Uzbekistan 20% Georgia 77% Belarus 37% Kazakhstan 39 Moldova 69% Lithuania 46% Latvia 39% Estonia 36% CEE avg 22%
3. Country New Currency Ruble Exchange Rate Introduced Armenia Dram 200 1993 Azerbaijan Manat 10 1992 Belarus Ruble 10 1992 Estonia Kroon 10 1992 Georgia Lari 1 1993 Kazakhstan Tenge 500 1993 Kyrgyzstan Som 200 1993 Latvia Rublis 1 1992 Lithuania Talonas 1 1991 Moldova Cupon 1 1992 Tajikistan Ruble 100 1995 Turkmenistan Manat 500 1993 Ukraine Karbovanets 1 1992 Uzbekistan Som 1 1992